Great Western Bancorp (GWB) Scheduled to Post Quarterly Earnings on Thursday

Great Western Bancorp (NYSE:GWB) is scheduled to announce its earnings results before the market opens on Thursday, October 25th. Analysts expect the company to announce earnings of $0.78 per share for the quarter.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.04. The company had revenue of $123.61 million during the quarter, compared to analyst estimates of $121.23 million. Great Western Bancorp had a net margin of 28.45% and a return on equity of 9.36%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. On average, analysts expect Great Western Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Shares of GWB stock opened at $40.35 on Thursday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.16 and a beta of 1.53. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. Great Western Bancorp has a 1-year low of $37.65 and a 1-year high of $46.03.

In other news, insider Kenneth James Karels sold 5,000 shares of Great Western Bancorp stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $43.86, for a total value of $219,300.00. Following the completion of the transaction, the insider now directly owns 30,373 shares of the company’s stock, valued at approximately $1,332,159.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Richard Bass sold 1,246 shares of Great Western Bancorp stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.25, for a total transaction of $55,135.50. Following the completion of the transaction, the insider now directly owns 16,958 shares of the company’s stock, valued at $750,391.50. The disclosure for this sale can be found here. Insiders sold a total of 11,822 shares of company stock valued at $519,123 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.33.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.